Over the last year, property investments in Wyndham Vale, 3024 have given investors a capital gain of 11.76%. This compares favourably with the 4.75% for VIC as a whole.
While Wyndham Vale,3024 ranked number 292th in VIC for increase in median house value (annualised) increase, it is ranked 95th over the last 5 years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Wyndham Vale, 3024. Typically our figures indicate that -5.35% is being offered, which puts this VIC suburb at 2728th most discounted overall in Australia.
VIC has seen average median house prices change by 3.42% which means that Wyndham Vale, 3024 has done well for property investors by showing a capital gain of 39.56% over the last year
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Wyndham Vale has increased when compared to the 5 year average annual rate.
Wyndham Vale, 3024 is offering VIC ‘s most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 10% of discounts offered by this VIC.
Wyndham Vale is 69th on a list of best yielding suburbs for rents in VIC with a 4.94% return
The large suburb of Wyndham Vale saw housing supply halved over a 12-month period when the number of houses dropped from 589 to just 280 from February 2017-2018Full summary
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Housing stock tightens
Median house price: $445,000
Stock on market: -52.0%
12-month growth: 17.1%
The large suburb of Wyndham Vale saw housing supply halved over a 12-month period when the number of houses dropped from 589 to just 280 from February 2017-2018.
This could have helped spur demand, as the suburb recorded a 17% price increase over the same period. Nonetheless, houses are still reasonably priced at a median value of under $450,000, a possible factor in how quickly these properties are selling on the market. The average time on market is just 39 days, reflecting Wyndham Vale’s popularity.
The suburb is home to several sports clubs, who make their bases at Wyndham Vale Reserve and President’s Park. Wyndham Vale is also an education hub, with four primary schools in the area. Residents have access to amenities like medical services.Close